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Hong Kong: Sisram Medical shares slump on HK debut

Shares in Sisram Medical, a Israeli subsidiary of Shanghai Fosun Pharmaceutical, and which manufactures medical aesthetics devices, slumped on their Hong Kong Stock Exchange debut today. By late morning they were down more than 6%.

Last week Sisram priced its HK$977 million (US$125 million) IPO at the low end of guidance. It sold 110 million shares, or around 25% of its total share capital, at HK$8.88 per share.

Joint sponsors are CICC and Jefferies.

Sisram shares were last seen down 6.08% at HK$8.34.

Posted on: 19/09/2017 UTC+08:00


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Analysis

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